Category Archives: Business

VW blasted for shielding emissions documents from U.S. probe

By David Shepardson (Reuters) – Three U.S. state attorneys general criticized Volkswagen AG on Friday for citing German law to withhold documents from a group of states investigating the German…

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Japan's Asahi to submit bid next week for SABMiller's Grolsch and Peroni: Yomiuri

TOKYO (Reuters) – Japanese beverage maker Asahi Group Holdings Ltd <2502.T> will submit a bid as early as next week to buy SABMiller PLC's Grolsch & Peroni beer brands for…

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Wall Street bets on Apple bounceback despite iPhone shipment worries

By Lehar Maan (Reuters) – Apple Inc has lost approximately $50 billion of its market value in the first four days of the year, yet Wall Street brokerages remained confident…

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Pfizer hikes U.S. prices for over 100 drugs on January 1

By Deena Beasley (Reuters) – Pfizer Inc , which plans a $160-billion merger with Ireland-based Allergan Plc to slash its U.S. tax bill, on Jan. 1 raised U.S. prices for…

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Wall Street has worst start to year ever

By Caroline Valetkevitch (Reuters) – U.S. stocks closed lower on Friday, ending a volatile week with their worst five-day start to a year ever, as sliding oil prices & lingering…

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Mercedes-Benz sales rise 13.4 percent to 1.87 million cars in 2015

FRANKFURT (Reuters) – Daimler <DAIGn.DE> said sales of its Mercedes-Benz cars reached a new record in 2015, mainly thanks to a 40 percent jump in sales of its C-Class limousine…

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Fed watching China stocks rout, Republicans slam yuan slump

By Howard Schneider & David Lawder WASHINGTON (Reuters) – The Federal Reserve was closely monitoring the sell-off in stocks that shook world markets on Thursday, while U.S. Republican presidential candidates…

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Shire, Baxalta to announce merger as soon as Monday: sources

By Carl O'Donnell (Reuters) – Rare disease drugmaker Shire Pharmaceuticals Plc <SHP.L> is preparing to announce its roughly $32.5 billion acquisition of U.S. peer Baxalta International Inc <BXLT.N> as early…

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Fed leans on big balance sheet to soften rate hike impact

By Ann Saphir & Jonathan Spicer SAN FRANCISCO (Reuters) – Federal Reserve policymakers appear to have succeeded in their push last month to convince investors the central bank will hold…

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Oil prices move up from 12 year lows as China shares rise

By Meeyoung Cho & Ahmad Ghaddar SEOUL/LONDON (Reuters) – Oil prices rose modestly on Friday, still within reach of 11 & a half-year lows, boosted by a recovery in Chinese…

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